What are the effects of e-banking on the profitability of the bank?
E-banking is generally a lower cost means of delivery for the bank, and adding another service to the relationship with the customer helps solidify the fact that they are that much less likely to leave, so the bank can deliver more services at a lower cost and will keep the customer longer. Relative to averages on what this means in dollars and cents is unknown.
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E-banking is generally a lower cost means of delivery for the bank, and adding another service to the relationship with the customer helps solidify the fact that they are that much less likely to leave, so the bank can deliver more services at a lower cost and will keep the customer longer. Relative to averages on what this means in dollars and cents is unknown.
